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BMW Z4 Lease Questions

612 messages,  Last post on Dec 06, 2009 at 8:21 AM

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What is this discussion about? BMW Z4, Car Leasing, Convertible


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#546 of 612
Re: Question(s) for Car Man - Re Current Z-4 lease offer> [Car_man] by erdoran
Mar 05, 2008 (6:32 pm)
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Replying to: Car_man (Feb 15, 2008 2:27 am)

Car Man, how in the world do you get $500 over invoice less 100% of the trunk money? I've been negotiating for two weeks with several different dealers, and I can't get anywhere close. I've hit every local dealer and several long-distance ones! I think I have a deal lined up that's really good, but it isn't the $500 dealer profit one. What's the secret to this? thanks
#547 of 612
Re: Question(s) for Car Man - Re Current Z-4 lease offer> [erdoran] by mbn1941
Mar 05, 2008 (6:57 pm)
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Replying to: erdoran (Mar 05, 2008 6:32 pm)

Like you I have tried to get a price of $500 over dealers invoice but without success. Once I tell the dealer I want the advertised BMW Financial Services lease they tell me they are required to discount the car by $2500 to make the lease and therefore cannot discount the price further. I have tried three dealers in South Florida with more or less the same results.
#548 of 612
z4 certified opportunity by kperess
Mar 06, 2008 (4:08 pm)
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I have a line on an '06 Z4 coupe (certified) with 10,000 miles on it. The dealer sued it as a loaner. Has premium and sport packages, auto tranny with flippers. Dealer is asking $29,900. Was put into service on Jan 2 '07.
 
Any thoughts on this? I live in the upper peninsula of Michigan (so lots of snow) and am also looking at the TT as a possible toy.
#549 of 612
Re: Question(s) for Car Man - Re Current Z-4 lease offer> [mbn1941] by erdoran
Mar 06, 2008 (4:30 pm)
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Replying to: mbn1941 (Mar 05, 2008 6:57 pm)

mbn1941, that sounds bogus to me, although I'm just a consumer and have no inside knowledge! If a dealer is "required" to discount $2500, there is no reason they can't CHOOSE to discount further. Check out the invoice pricing on edmunds.com. From 3/1-4/30/08 there is $2500 factory to dealer incentive on the z4i and $3000 on the z4si. I think what is happening is that they are pricing it at MSRP and giving you this "trunk money" as it is called. I don't see anything in your post that says the dealer has to SUBSIDIZE or CONTRIBUTE to the lease!
#550 of 612
2008 Z4 3.0 si Coupe by stef929rr
Mar 10, 2008 (7:21 pm)
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Hi.
 
I am interested in leasing a 2008 BMW Z4 3.0 si coupe. Could you please tell me the residual value and the money factor on this car? I am looking at a 36 month lease.
 
I live in the NYC area and was quoted $41,200 with an MSRP of $45375. What would be my lease payments without a cap cost reduction? I am looking to include taxes in my monthly payments. Thanks.
#551 of 612
Re: Current Z-4 lease offer by dk90210
Mar 16, 2008 (9:16 pm)
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Replying to: erdoran (Mar 06, 2008 4:30 pm)

Hello all. I am very much interested in the current BMW Z4 Lease Special (36 months $369 w/ $2500 down) but I have a few questions:
 
1) How do they arrive at those numbers? What is the negotiated cost? Residual? Money Factor?
 
2) I have seen similar specials at my local dealers here in Southern California that play on this lease special, including 39 months $399 w/ $3000 drive-off, and even 36 months $459 w/ $0 drive off! Of these, which way would be better - Less drive-off and more monthly, or vice versa?
 
3) How much more would/should I pay if I wanted to extend the lease to 12K miles per year? 15K miles?
 
By the way, the special can be found here at http://www.edmunds.com/new/2008/bmw/z4/100954196/incentives.html
 
Thanks for your help!!!
#552 of 612
Z4 si Lease offer by sulimios
Mar 23, 2008 (11:23 am)
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Hey Car man:
 
Went to the BMW dealer yesterday to try out the Z4si. Nice, not sure I like it as much as the '05 2.0T TT that I had, but it was pretty nice and I was hoping to get a decent lease deal.
 
Already having done the research, I knew what the current residuals and rates were as well as the $3k factory to dealer incentive. This was their first offer for 2yr 10k miles per year--gave me the $3k off the MSRP and then an additional $1325 which came out to a selling price of $42,800. After doc fee and Acquisition fee (what is this?), the cap cost was $43,470. Calculating $2500 down, they had the residual at .74 and the rate at .0022 they came out with a payment of $519.95.
 
I had gone in there using the Edmunds TMV value which for my area (upstate ny) was $200 under invoice. After taking into account the $3000 and taxes, and the various fees, I came out around $331/month.
 
I guess my question is about where should I come out?? I mean, I realize that was their 1st offer and they will come down, but can I expect them to come down to $331/month?
 
My other questions have to do w/ these various fees: Doc Fee = $45; Acquisition Fee = $625; Security Deposit = $550; Upfront fees = $170
 
Are these actual fees to the dealership or is this just another area where they're making a profit?! I appreciate your wise words of wisdom car man!! Thanks.
#553 of 612
oops by sulimios
Mar 23, 2008 (11:25 am)
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forgot, the MSRP was $47,125
#554 of 612
Re: oops [sulimios] by sulimios
Apr 02, 2008 (5:55 am)
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Replying to: sulimios (Mar 23, 2008 11:25 am)

hey carman...just checking in to see if what you think!?! about my posts on 3/23
#555 of 612
Re: 2008 Z4 3.0 si Coupe [stef929rr] by Car_man HOST
Apr 03, 2008 (2:36 am)
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Replying to: stef929rr (Mar 10, 2008 7:21 pm)

Hi stef929rr. According to the latest information that I have seen, BMW Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2008 BMW Z4 3.0si Coupe with 15,000 miles per year are .00210 and 52%, respectively. The residual value for a lease with only 12,000 miles per year would be 2% higher. When negotiating your lease on this car, make sure to take the $3,000 dealer cash that BMW is currently providing on it into account.
 
Using the prices that you mentioned in your post, an MSRP of $45,375 and a selling price of $41,200, and the aforementioned lease program, I come up with a zero down, pre-tax monthly payment of around $602 (with 12,000 miles per year).
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum

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